Durst Nabs Princeton Longevity, Ichnos Sciences and 2 More at 1 WTC
By Nicholas Rizzi February 7, 2020 1:24 pm
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The Durst Organization inked deals for four new tenants to take space at 1 World Trade Center, and for two existing ones to expand their digs, Commercial Observer has learned.
Preventative medical facility Princeton Longevity Center, biotech company Ichnos Sciences, chemical coatings research firm Pison Stream Solutions and investment manager DADA Holdings all signed new leases for space in the 3.1-million-square-foot tower, according to landlords Durst and the Port Authority of New York & New Jersey.
Artificial intelligence company Augustus Intelligence and Symphony Communications Services both signed deals to increase their offices in the building, the landlords said.
“We are extremely pleased with the leasing activity at One World Trade Center,” Jonathan “Jody” Durst, the president of the Durst Organization, said in a statement. “We are beginning the year by welcoming our newest tenants DADA Holdings, Ichnos, Princeton Longevity and Pison and celebrating the success of Symphony and Augustus with their office expansions at One WTC.“
In the largest deal, Princeton Longevity Center signed a 10-year lease for 11,075-square-foot offices on the 71st floor of the 104-story tower, according to the landlord. Asking rent was $69 per square foot.
The company — which has locations in New Jersey, Connecticut and Virginia — plans to move into its new digs in the summer of this year and it will be the company’s first office in New York City, according to a Durst spokesman.
Durst handled all six deals in-house via Eric Engelhardt and Karen Kuznick along with Newmark (NMRK) Knight Frank’s David Falk, Jason Greenstein, Peter Shimkin, Hal Stein and Travis Wilson. JLL (JLL)’s Steven Rotter, Blake Goodman and Justin Haber represented the tenant.
“On behalf of our JLL team, we were honored to work with such a professional organization, making a difference in leading edge preventative healthcare,” Goodman said in a statement. “This office will serve as a model for what progressive medicine should look like.”
Ichnos Sciences signed the second-largest deal of the bunch after it inked a seven-year, five-month deal for 10,847-square-feet on the 76th floor of One World Trade Center, the landlords said. Asking rent was $75 per square foot.
The startup — which launched in 2019 — is currently based in Paramus, N.J., but plans to depart for One World Trade Center in May, a Durst spokesman said.
Cushman & Wakefield (CWK)’s Drew Braver and Mark Zaziski represented Ichnos in the deal. A C&W spokesman declined to comment.
The remaining leases included Pison signing a three-year deal for 10,804 square feet on the 49th floor and DADA’s 4,786-square-foot deal for the 71st floor of the property. Symphony took an additional 3,510 square feet on the 45th floor — bringing its presence to 12,100 square feet — while Augustus doubled their footprint to 6,475 square feet on the 77th floor, according to the landlords.
